We develop a tractable growth model to study the dynamic macroeconomic effects of multinational production (MP) across … contribute to the local stock of knowledge. We incorporate idea diffusion into a quantitative framework of trade and MP. The … model yields tractable expressions for bilateral MP flows, trade flows, and the dynamics of technology that we use in our …

primary driving forces, sector-biased productivity growth and sectoral trade integration. We calibrate the model to the same … countries used to document our patterns. We find that sector-biased productivity growth is important for deindustrialization by … reducing the relative price of manufacturing to services, and sectoral trade integration is important for industry polarization …

find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in … between the growth and unemployment rates results. …

This study first provides an outline of Kaldor's growth model and then tests its relevance to the economic experience … manufacturing is the engine of economic growth, whereas the second proposition, also known as Verdoorn's law, asserts that there is … a strong positive casual relationship between manufacturing productivity growth and output growth, due to static and …

We set up an endogenous growth model in which the efficiency of both capital and fossil energy can be improved, whereas … states: one stagnant where energy is fully derived from the alternative energy source, and one with balanced growth where …

This paper proposes to explain the productivity growth slowdown with the poaching of disruptive inventors by firms … these inventors threaten with their research. I build an endogenous growth model with incremental and disruptive innovation …

variables - education, governance or openness - result in virtuous growth cycles. These are smallest under an increase in trade …) of trade-related foreign R&D (NRD), education and governance. The measures of NRD are constructed based on industry …-specific R&D in the North, North-South trade patterns, and input-output relations in the South. The main findings are: i …

factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to … for both growth and inequality. Calibrated TFP growth is consistent with the results from nonparametric growth accounting … more problems to modelling inequality than with growth: in particular, the main models in the literature, which take skill …